Question

define accounting. explain the major processes in accounting​

Answer 1

Explanation:

The accounting cycle, also commonly referred to as accounting process, is a series of procedures in the collection, processing, and communication of financial information. As defined in earlier lessons, accounting involves recording, classifying, summarizing, and interpreting financial information.

In which class you study

Answer 2

Answer:

the process or work of keeping financial accounts.

"an investigation into suspected false accounting"

identifying transactions, recording transactions in a journal, posting

Explanation:

Accounting, also known as, accountancy, is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations.

he eight steps of the accounting cycle are as follows: identifying transactions, recording transactions in a journal, posting, the unadjusted trial balance, the worksheet, adjusting journal entries, financial statements, and closing the books.